Reddit Posts
Can someone ELI5 how USDCUSDT PERP futures grid works.
If You Want To Become Rich in Next Bullrun Keep Eye on These Coins🐂
Jump Trading Accumulating DeFi Tokens, Including LDO, PERP, and MASK
USDT-Margined ARB, MAGIC, GMX, PERP and LRC are now up on Kucoin for a competition!
Perpetual-Protocol slash fees to zero and increase max-leverage to 75-1 in bid to become top Defi-Derivatives platform. In addition allocating $170m worth of PERP tokens to be distributed among new users
Perpetual-Protocol slash fees to zero and increase max-leverage to 75-1 in bid to become top Defi-Derivatives platform. In addition allocating $170m worth of PERP tokens to be distributed among new users
Perpetual-Protocol slash fees to zero and increas max-leverage to 75-1 in bid to become top Defi-Derivitives platform. In addition allocating $170m worth of PERP tokens to be distributed among new users
FTX Defrauded Equity Investors Similarly to Enron
Gains Network, possibly the best Decentralized Leverage platform, direct competition to dYdX, PERP and GMX
Anyone heard of cb's new listings ARPA, PERP & LCX?
Mentions
The FTX manipulation is right there visible on the charts though with their ICP-PERP trading before the launch
Buying alts. I tried to "diversify" and was actively day trading for a while, but when that massive bear hit a couple years ago, I stopped because everything I had had dropped in value so much. Rather than take a loss, I assumed that I could hold the alts until they rebounded. Instead, most tanked and stayed tanked (GRT, BAL, UMA, ICP, SKL, PERP, MLN, ALGO). Worse, some projects collapsed or were delisted (OMG, MIR). Nearly all my losses are due to buying these alts, even though I did take profits flipping them in the past, for example, I got a 62.5% return on ICP within a 24-hour period. Compare that with my a current loss I've held for 3 years that's at -97.74%. This would have ended far better had I taken losses at 20% rather that holding all of these hoping they rebound.
its called the Depth Chart [https://www.coinbase.com/advanced-trade/perpetuals/BTC-PERP-INTX](https://www.coinbase.com/advanced-trade/perpetuals/BTC-PERP-INTX) then click Depth Chart.
tldr; Bitcoin has reached a new all-time high price of $97,662, while the BTC-PERP perpetual markets have also hit a record high at $97,847. This marks a significant milestone for Bitcoin in the cryptocurrency market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I hold BTC,SOL. Play with someSUI, SOL ALTS & SOL PERP TRADE which is like taking candy from a baby!
Thanks. Looks like it was actually added back to their new interface. https://www.coinbase.com/advanced-trade/perpetuals/BTC-PERP-INTX
BTCUSD\_PERP $55141.7 $546.90K 09:44:52 this guy opened a high margin short position when it dipped, and he just got liquidated in 55141, losing all his money in margin account. dont gamble in future trading.
If you are depositing GBP, its probably easiest to buy BTC/GBP. Not familiar with UK tax laws, but swapping from GBP to USD or USDT could be an additional, completely unecessary taxable event. Both are for buying BTC, just with different fiat currency. Stay away from perpetuals (PERP) if you dont know what it is. And even if you do, usually best to stay clear.
Low risk low reward: like 3-4x ADA DOT LINK Medium : AXS C98 SUSHI BAKE CAKE PERP High : DOGGIE PEPE.... All small caps
Currently 100% alts. Up avg 28% on portfolio. AXS DOT PERP CRO WRX AAVE AI
Lol you really think DFINITY had any impact on the price? You fell for the narrative put forth by Sam Bankman Fried. Perfect sense for DFINITY to try and destroy their reputation off the bat after years of research and assembling the team they did? Right? You realize how idiotic that sounds. Do some research into ICP-PERP and the pre launch manipulation / slandering campaign done by SBF and several players, in attempt to wipe this coin off the map before it rendered all of their investments obsolete.
What do you think of KDA and PERP projects. Can they rebound once again?
What is PERP and why is it rising? I bought some as a gamble so I’m happy about the profit but not sure if it’s a keeper.
tell us what YOU think about PERP.
tldr; The article discusses allegations of price manipulation of the Internet Computer (ICP) token on the FTX exchange, run by Sam Bankman-Fried. It suggests that the ICP token's price was manipulated to crash upon its launch, potentially to discredit the Internet Computer project and protect other blockchain investments. The manipulation is believed to have been conducted through a perpetual futures instrument called ICP-PERP on FTX. The article calls for an investigation and for FTX to release trading logs to identify the perpetrators and prevent future attacks. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
>Our analysis of how ICP-PERP was traded, directly before and after the Internet Computer genesis event, has identified suspicious activity that indicates that it was used to manipulate the price of ICP on spot markets, driving it dramatically higher. The manipulation occurred in a few hours before and after genesis. Once the price manipulation activity stopped, the price of ICP began to fall back towards its natural market level.
PERP. Perpetual protocol. Check out the current price and all time high.
>Say I bought Bitcoin with no intention in trading So you had no intention of trading, but the price tricked you into selling? I'm not sure I understood exactly what you are asking, but here's the difference: Bitcoin can be transferred out of the exchange, but your LONG position cannot be transferred out. While you hold a LONG BTC perp open on some exchange, you are experiencing what is called a counter party risk. There are many risks trading/owning/holding cryptos, but this one has been the downfall of more holders than probably any other risk: the risk that an exchange is crooked and/or incompetent and/or unprofitable and goes bust. When you trade spot BTC, and you catch wind that the exchange is insolvent, if you are lucky you can withdraw that BTC from the exchange. Perhaps you've been practicing good opsec with your exchange positions and you've been withdrawing your BTC as you go. Maybe your exchange even provides a mechanism for converting PERP into SPOT (we called it the REPO market, I'm not sure what exchanges offer this, I know one, but I'm not here to promote an exchange, I'm here to answer your question, I hope...) When you trade perp BTC, and you catch wind that the exchange is insolvent, you need to close your positions in order to get your money out. That means you need enough liquidity to close your position, which means since you are in a hurry because the perceived risk is bigger than you signed up for, and since everyone else on the exchange probably got the same news as you did at the same time, what you get is called a liquidity crunch. The exchange's PERP price depegs from its SPOT price, and you can no longer get your money out until confidence in the exchange is restored. You might pick up some BTC PERP at a discount when this happens if you have the liquidity to do it, and when the crisis of confidence is over, you win. Or it might turn out the exchange is really insolvent, and you are wearing a bigger banana on your head than all the spot traders who were able to simply withdraw their BTC and ride out the crisis "hodling." The next thing you know, nobody can withdraw, and you're boned. Withdrawing your coin should be an economically neutral activity. Or it doesn't have to be. They are different. Bitcoin is bitcoin, but bitcoin futures are a contract with another party, facilitated by an ostensibly neutral arbitrator (the exchange). When you hold bitcoin, you lose value when the price goes down. When you hold perps, you can lose your money when the counterparty defaults (and your only guarantee is the collateral their position is backed by.) The difference is, when there is a bank run, perp traders are shitting themselves but spot holders are cool as a cucumber. We're all losing money but some of us are really using the cryptos how they are designed. They are not designed to be kept on an exchange and trust the bank to do the right thing, that's the opposite of what they are designed for. That's not to say there is no good reason to use an ETF or perp fund, you can insure against risk and isolate risks from each other, there are really good applications for perpetual trading IMO, but they are a derivative and it will typically not perform better than the asset it was derived against.
Top 10 decentralized perp dexes by trading volume over the last 30 days. #dYdX $DYDX - $17.3B #HMX $HMX - $2.16B #Kwenta $KWENTA - $1.84B #Vertex - $1.79B #ApolloX $APX - $1.51B #GMX $GMX - $1.49B #GainsNetwork $GNX - $1.2B #Polynomial - $971M #PerpetualProtocol $PERP - $606M #MUXProtocol $MUX - $596M https://twitter.com/CryptoRank_io/status/1707020686835736905
Does anyone here like PERP?
Its PERP, you can look up any exchange for yourself and see the chart mate
What is PERP? Never heard of it.
PERP is mooning again. Some alts are going crazy last few days.
Some alts are breaking out, PERP having a nice rally last days. 300%. Hope our bags get pumped!
I learned my lesson about impermanent loss with a Binance PERP/USDT liquidity pool. Never again! Vanilla staking or earn programs for me.
Anyone know any good and decently reputable places for PERP futures trading? I got some fund on KuC I need to get working again. Kinda bummed about this KYC thing, but such is life on the fringes.
tldr; Jump Trading, a quant trading firm, has been rapidly accumulating several decentralized finance (DeFi) tokens over the last week, including LDO, PERP, and MASK. The move came as Bitcoin prices rose above $31,000, sparking demand in altcoins. Jump Trading's gravitation towards DeFi tokens, based on their accumulation trend, is not yet known, but it could increase demand and support prices since it signals a show of confidence. However, it doesn't guarantee that prices will rally. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Sure, the PERP was trading on FTX few days before the genesis block; but it wasn’t that uncommon. You really don’t know at what valuation Dfinity wanted to launch this thing, it was an hyped up bull market after all. What I’m sure about is that it was a textbook VC scam from the beginning, just look at the allocation; insiders didn’t think twice and dumped on the very first trading day.
MEXC allows higher leverage for the same pairs than Kucoin. MEXC also has lower fees for PERP trading as compared to Kucoin. Which one has lower chances of running away with your money? Both.
ICP is top 5 in developer count though. And it's launch price was manipulated by FTX/Alameda with PERP synthetic trading to drive up the price. Not a $600 dollar coin at launch - maybe $50.
Thanks to FTX/Alameda manipulating it's price with PERP synthetic trading prior to launch.
He's backkkk! Most of the coins you've shorted and have been pissed off at have come down pretty steeply (PERP, SXP). Seems like this pump is based on launching the first Dapp on mainnet. Maybe a double top at 33c and then it comes back down? Here's to hoping since I think it's a good investment but obviously don't wanna buy in on +100% in 3 days.
i mean, ARB and APT and a few others are up 10%. so is TRAC. KSM and ATOM and PERP aroudn 5%. Which alts aren't poppin enough for you?
What happened with Ur PERP short
Bruh do you short everything 😅. First PERP now this
Bitmex is launching a 10X USDC USDT PERP lol.
What when you guys bought the top after FTX and Alameda pumped it up with synthetic PERP trading?
Tldr: VELO gained 21% in the past 24 hours, SONNE token has jumped 82%, OPX has skyrocketed by 144%, PERP token has seen a 42%, OP token has jumped over 10%
Can I trade my RNG yellow stickies 1 for 1 for PERP tokens?
And when things go sour, will Gil Grissom come in to catch the PERP's?
*THE* best tech in the space. It's down 98% thanks to FTX and Alameda PERP trading before release on what should have been a $50 coin. Keep investing based on charts.
FTX and Alameda tried to destroy it with PERP trading for sure - ran it up pretty high. Best in the space when it comes to tech though.
Yeah pumped up by FTX and Alameda with PERP trading. They really tried to destroy it.
FTX and Alameda pumped up that price with PERP trading at the start - really good vids out there explaining it. They estimated $50 at release and synthetic trading FTX had was meant to destroy it. I don't know how it survived honestly and maybe it won't but there's no denying what it's doing is crazy.
FTX and Alameda ran the price up through PERP trading - sorry SBF destroyed your buy in.
FTX and Alameda ran the price up through PERP trading - sorry SBF destroy your buy in.
They just use your coins to short against you anyway. Unless you're FTX and they just make up a PERP with synthetic ICP and short the hell out of it to destroy the project.
Build websites 100% on a blockchain as tamperproof smart contracts. Internet Computer is an AWS competitor built on blockchain and there's nothing else close to it. It stirs emotions cause it was heavily pumped up by manipulation of PERP trading and then obviously shorted all the way down. The 100% on-chain approach and ease of building real world use case projects on a decentralized crypto cloud and elimination of the traditional IT stack is incredible to me. It's so easy to build an on-chain application away from Big Tech and government bullshit where you control everything with your private keys because it can actually store data and images on-chain. Honestly I don't think any other project is giving blockchain tech use case like this. At all. They just move coins from A to B and that's it.
Attention degen cosmonauts, we ve a new defi playground with order book, futures, atom and osmo perps. https://app.dem.exchange/trade/ATOM-PERP I didn't try it yet, but as soon as I do a YOLO I ll put updates here
Ignoring the tech argument now and just resorting to ghost chain and baggie talk again like everyone else when someone compares ICP tech. >Pretty much what i said earlier, nobody is going to use these except ICP holders You're not getting that these are built on-chain, will be run as DAO's controlled by an on-chain protocol just like the entire Internet Computer is, and are a true web3 architecture for a new internet where you can actually control your data. A lot of talk about that and ICP actually does it. *Your keys, your data*. That's what separates it from regular web2 bullshit where all your data is stolen almost daily. Where you're subject to platform risk because they don't like your politics, your content in general, shut off a service you need without notice, or where they take 30% or some shit of your profit. >Sweet, just need some adoption. Agreed - companies looking to save millions will be looking and finding it. Absolutely perfect for indie devs who always run out of money because of costs of hardware and cloud. >We have an AWS alternative too. Akash. Not built on COSMOS and more importantly not built on-chain either. It's a great product that has some coins on COSMOS. Not very exciting and nothing close to ICP at all. It still has all the web2 vulnerabilities that ICP solves with being on chain and having tamperproof smart contracts for the web - there's no firewall needed. No one is hacking your smart contract the way they do on web2. >Lot of places to build web3 games on. No there aren't - only ICP is able to run these games from the chain. Those are the same gimmick we're seeing all over - a game hosted on AWS or run on your PC with some coins moving around somewhere on the backend. Because that's all the chain offers. It's all it can offer. Except for ICP. >I'll take my defi and nft crap and 53 sovereign blockchains All 53 of those do the *same* exact thing - nfts and high APY defi questionable scams. That's all they can do on-chain. ICP's tech allows for endless possibilities of development on-chain. ICP tech is clearly better. Probably wouldn't be having this discussion if FTX hadn't released ICP-PERP trading to run up the price and give the appearance of just another P&D. Still recovering from that but I think there's a chance to turn it around. The tech is there. Good luck to you too.
3 years ago on FTX, SECO-PERP was doing that, swinging in a 5% range about every 5 minutes. Price would dip 5% and then immediately shoot back up. I think it was a broken market maker bot that was trying to fix price around an average index, only the index was getting some bad reads. I put in bids near the bottom of the candles, and set shorts near the tops. I got 5% trades both ways over and over for hours. I was able to take advantage and grow a $750 account to $10000 in a matter of hours, without even using high leverage, before the magic stopped.
Since the downfall of FTX, derivatives projects like GMX, DYDX, INJ and PERP have all seen volume almost double. I think the being able to trade while still controlling your keys is gonna be very attractive to a lot of people. INJ has the best tokenomics imo. DYDX is going to almost double in circulating supply in Feb and GMX has a very high FDV. Also, I really like how active and productive the INJ team is.
That was FTX running up the price with ICP PERP trading. Holy hell this sub. *Maybe* it should have been a $50 coin.
Yup, I switch to a different exchange for PERP trading after they couldn't handle (or "couldn't handle") trade volume after an announcement. I loved the Kucoin app more than the exchange I use now but I also like being able to have both a long and short position open on the same trading pair, something kucoin doesn't offer.
Compound, CKB, MASK, PERP all have 10x plus potential to me
I get what you’re saying, but high fees is one thing, and what FTX was doing is another thing… I can understand high fees. If we don’t like the fees, we don’t have to use them…but FTX was straight up manipulating prices on projects before their launch by releasing instruments such as ICP-PERP & trading ICP prior to its launch, causing an extremely high valuation They were also margin trading with customer funds, as well as buying up real estate & donating to the political party of their choice all with customers funds
A lot of info is going to come out about FTX manipulating coin launches to drive their prices up on PERP trading before release then shorting the hell out of them. ICP being the main one starting at a ridiculously high amount on what should have been a $50 coin.
SBF ran up the price of ICP with PERP trading before release so he could dump it all the way down because it's a direct competitor to SOL. He did the same with other coins. Fuck this guy and I hope he ends up in prison.
Price for what he is longing (Klunc) is $0.27 right now. https://ftx.com/trade/KLUNC-PERP
It's actually Klunc, not Lunc. Price is $0.27 right now. https://ftx.com/trade/KLUNC-PERP
Not really. His long position is for Klunc and already hit the target. https://ftx.com/trade/KLUNC-PERP
He is not longing Lunc at all. It's Klunc! Already priced at 0.27. https://ftx.com/trade/KLUNC-PERP
He didn't! His position is for Klunc, not Lunc. Klunc is already priced at $0.27. https://ftx.com/trade/KLUNC-PERP
And you're a scammer, spreading fake news. KLUNC is already priced at $0.27 https://ftx.com/trade/KLUNC-PERP
It was artificially inflated because FTX allowed PERP futures trading before ICP was ever even available OTC. Pretty sure there's a video on YouTube that explains it in detail.
Should have been a 50 dollar coin at launch but FTX ran a PERP on it pre trading to try and destroy it. It's not going away with the kind of tech it has.
\*Laughs in bear market profit from USDT PERP contracts\*
FTX manipulated the hell out of ICP allowing a pre trading ICP PERP to run up the price. Should have been like 50 bucks a coin on launch.
This is what FTX does so I suppose that's their proof of concept. But clearly they have nowhere near the sophistication or complexity in risk management that FTX employs. SBF pointed this out on a Twitter thread. If you want to let people use PERP paper gains as collateral, you need to risk manage against a ton of long tail events like this one. And you need to treat low volume coins VERY differently from something like BTC/ETH.
The issue seems to be with how the oracle was implemented. It's got nothing to do with oracles themselves, which are required for DeFi to function properly. I'd hazard a guess that the "oracle price" Mango Protocol was using wasn't a decentralized aggregate of what the Mango token was trading at across various markets, but rather what it was trading for on Mango Protocol itself. Essentially what happened was this... 1. Exploiter deposits 5,000,000 USDC onto their Solana address from FTX. 2. Uses the 5,000,000 USDC to open a position of MNGO/PERP * 483,000,000 and places these for sale on the Mango order books. 3. Exploiter deposits another 5,000,000 USDC to a different address and uses this to buy the 483,000,000 MNGO/PERP position for 0.0382/unit 3. Exploiter begins to trade MNGO/USDC aggressively on Mango Protocol and drives the price of MNGO up to 0.91c - possible because it's a fairly illiquid token/pool. This isn't the true market price, but it's what it was trading for temporarily on the protocol and likely the source of their "oracle" price. 4. Mango Protocol allows users to borrow other assets using the account balance as collateral. The exploiter now has 483,000,000 MNGO/PERP tokens the protocol believes are valued at 0.91c - so around US$439,530,000 which of course isn't the real value of the account. The exploiter uses this to borrow around $116,000,000 in real value of various tokens (USDC, SOL, BTC, etc), effectively siphoning off all the available liquidity on the platform.
I did some more digging. Mango is different from Venus because they offer a derivatives platform alongside the lending platform. Both utilities are integrated with one another. This creates an environment where an unrealized gain on perpetual futures can be used as collateral to borrow existing assets on the platform. This means that the hacker did not need to deposit a bunch of MNGO spot to borrow assets. Instead, all the hacker needed to do was: * Open massive position on MNGO-PERP * This was done using two accounts. One account (A) sold the perps (you can theoretically write/sell up to 2X your account value (2X leverage). Other account (B) bought these perps (long). * This massive transaction was used to push MNGO index price up massively, to the point where account A was massively underwater. However, there was no liquidity to liquidate them so they just accumulated a ballooning deficit. * Now Account B which has the massive MNGO PERP long has huge unrealized gains. They are able to use those unrealized gains to borrow assets without even closing their MNGO position? I think? Absolutely ridiculous if so. * There was also huge manipulation of the spot market so there was some shenanigans going there too
There was clear price manipulation by the exchanges and FTX ICP PERP - not by Dfinity. Are they setting the prices on exchanges themselves? No. The report was clearly a paid hit piece done by Arkham and coupled with a lawsuit by Ava labs this project was under attack. Who was forbidden to sell? The neuron locks the seed investors got along with their HUGE returns? I don't care what you do really but I'll talk about ICP wherever I want since it's been a year of FUD thanks to uniformed posters like yourself.
The early prices were proven manipulation, and the project has endured a well funded smear campaign that you obviously bought into. They even went right to the NYTimes with a FUD article from a shady company, Arkham, that has ties to Tim Draper who is now pushing Urbit, some ICP "like" project. Seed investors saw HUGE returns and I think that became a problem of having coins in Neurons because of price manipulation and FTX ICP PERP pushing the price so high so they could short it and destroy the project. It's working well here obviously. Definitely Dom flew off the handle and reacted poorly to people trying to destroy his life's work because of the scope of the project. And this FUD again? That FUD you mean? The paid FUD repeated everywhere, and most accounts that were early posters of it are now suspended accounts? Reddit's take is pretty poor on ICP and will remain so since no one looks into what actually happened.
PERP, CKB, MATIC imo
No wonder FTX relisted the LUNC-PERP lol
Where was the scam? FTX put out an ICP-PERP before trading even began and all kinds of shady shit went down with the price. The manipulation isn't even up for debate. That plus the Arkham Intelligence report, which was clearly financed by other crypto players in coordination with the NYTimes to release a hit piece, has you believing it was scam. Nothing in that report is proven at all. And now we know who sued them too. You're lost if you think ICP wasn't under constant assault because of what it can do versus those other chains.
Fuck FTX and their ICP PERP premarket manipulation of the ICP price ruining investor confidence and trying to destroy a powerful project.
Nothing to due with the tech, as usual. And the price was due to manipulation including the ICP-PERP by FTX and a paid for hit piece by Arkham Intelligence in the NYTimes. And the coin is burned to pay for cycles on the IC network so there can't be cap - inflation will die as canisters and uses grow. Anyway you're great at looking at a chart I guess.
ETH-PERP shows 1290.0 in FTX for me.
For many of these it was about time to either delist or fix them somehow. For example, in CONV-PERP, the ticker is about 1.4% of the price, so the funding rates were all over the place.
https://ftx.com/trade/CEL-PERP
Problem is not the short, it was the manipulation of the FTX ICP-PERP that drove the price up before genesis resulting in massive losses for all retail investors. In the article you can clearly see that there is a huge amount of volume coming in the hours before genesis, and then disappearing in the hours after, coinciding perfectly with the abnormal rise, and drop. It’s very difficult to see it has anything else than that someone pushed the price up far beyond the true market price.
I didn't forget. Tron is on my watch list. To be more accurate, TRX-PERP short x5 leverage.
FTX still has spot Luna trading. They shut down LUNA-PERP because of wild volatility I guess.
Not even a flex 💪, but I’m balls 🏀 deep. Ready for whatever. [LUNA-PERP Leveraged Long](https://imgur.com/a/wECc099)
I use Kucoin. You go into the Futures section and you'll see BTC PERP. This means perpetual, it's a contract that stays open until you close it or get Liquidated (all money lost). You click 'Sell' , enter the price you want to enter just like any other time you want to invest...enter how much you want to invest, and enter the leverage you want to use(5x, 10x, etc) . Then hit 'Sell/Short' and you will be shorting BTC. If you use 5x leverage for every 1% BTC goes down you gain 5% profit. Or you can use BitGet (non kyc Just like Kucoin) .
Tether is not just random sh1t-coin. It has become the foundation of crypto ecosystem over the years. Apart from Coinbase, barely any CEx offers USDC denominated spot or PERP trading. Fall of Tether will nuke crypto.
Look at exchanges, that offer futures. Example: FTX offers UST-PERP. You can use this for shorting and longing and gamble with leverage ;). I bought UST with leveraged at 0.8 and set the sell order at 0.9, which already fulfilled. High risk, high reward ;). But that is gambling. It is not smart and also irresponsible if done with money that is needed. Just imagine you have already lost the money prior to playing with futures. If that is fine, go for it. But always make use of stop loss orders even when gambling.
This is it, finally. Price is going back up, your favorite CT influencer is bullish, he went all-in long at the shmico bottom, the dip is over! It was a tough month as price came very close to your liquidation, but thank God your position is safe now. You add to your BTC-PERP long and go sit at the dinner table with your family. Grandpa looks at you and asks "why are you smiling anon?" "for no reason" you reply. Life is good.
Tokens that are existing and soon to be existing on Ethereum L2s (Optimism, Arbitrum, etc.). SNX, DPX, GMX, LYRA, THALES, PERP, etc.
[Ronin](https://ftx.com/trade/RON-PERP) down -24%; [AXS](https://ftx.com/trade/AXS-PERP) down -4.5%.
I started adding money weekly in august. I am invested in 30 different coins right now and am at about a 7% loss overall. About half of my investments are in the green and the other half are in the red right now. On 5 of my coins I have made over 100% on (IMX, MANA, LUNA, ZEC, ICP). My worst performers right now are around a 30-40% loss (AXS, ZEN, PERP, SOL, DNT) . The rest are spread out between those two ranges.
So many shorts rekt I bet, the price of BTC/PERP was $500 below BTCUSD this morning, now they’re coupled again. F to the preemptive beras 🐻☠️
BTC/USD is trading $400 under BTC/USDT and BTC/PERP hmm
i invested into futures by mistake because i literally didnt know wtf that is... so i put some PERP into DOGE luckily nothing happened and i cancelled my position.... whew......
hey, very interesting topic. I got a question about my calculation, as futures, funding rates, etc. are a very new topic to me :) CAKE-PERP hourly funding rates on FTX from December are averaging at around -0,00537%. That times 24 (for the day) and 365 (for the year) sums up to almost 50% in yearly funding rates alone. Let's assume we are farming CAKE on pancakeswap with an APY of 75%. We should now have an annual alpha of 25%. Am I correct?
1. Transfer some bnb to your metamask/bscwallet 2. Go to [happyhippo.farm](https://happyhippo.farm) and zap into cake-bnb 3. Deposit into the cake-bnb lp vault 4. Open an account at FTX 5. Short the CAKE PERP futures 6. Monitor daily and adjust futures hedge accordingly
Do you mean that PERP is criminally undervalued?